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发表于 2010-1-15 01:51 PM
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Comments on JPM ER:
The JP Morgan report this morning was exactly what we were afraid it was going to be. It made a ton of money selling and trading fixed income and equities, while consumer credit losses just continued to get worse. Morgan is one of the better run big banks, in my opinion, but even they are still building reserves against future losses. Jamie Dimon said that although there were some signs of stabilization, credit losses remained high amidst weak employment and housing. On the subsequent conference call, the bank's CFO said that the outlook on failed loans and the economy had not changed. In other words, it ain't over yet. |
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